Analog Devices (ADI) Lowered to Hold at BidaskClub
Analog Devices (NASDAQ:ADI) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Thursday.
Several other equities research analysts also recently commented on ADI. Royal Bank of Canada reissued a “buy” rating and issued a $100.00 price objective on shares of Analog Devices in a report on Thursday, January 4th. Stifel Nicolaus reissued a “buy” rating and issued a $97.00 price objective on shares of Analog Devices in a report on Monday, September 25th. KeyCorp reaffirmed a “buy” rating and set a $107.00 price target on shares of Analog Devices in a report on Friday, November 24th. B. Riley raised their price target on Analog Devices from $110.00 to $113.00 and gave the company a “buy” rating in a report on Wednesday, November 22nd. Finally, Piper Jaffray Companies assumed coverage on Analog Devices in a report on Monday, December 18th. They set a “neutral” rating and a $92.00 price target for the company. Twelve equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $97.21.
Analog Devices (NASDAQ ADI) traded up $0.83 during midday trading on Thursday, hitting $92.02. The stock had a trading volume of 3,175,716 shares, compared to its average volume of 2,530,000. The firm has a market cap of $33,920.00, a P/E ratio of 46.47, a PEG ratio of 1.70 and a beta of 1.29. The company has a current ratio of 1.47, a quick ratio of 1.13 and a debt-to-equity ratio of 0.74. Analog Devices has a 12 month low of $71.85 and a 12 month high of $93.99.
Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.36 by $0.09. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The firm’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 EPS. equities analysts predict that Analog Devices will post 5.2 EPS for the current fiscal year.
In other Analog Devices news, SVP Peter Real sold 4,505 shares of the stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $89.43, for a total transaction of $402,882.15. Following the transaction, the senior vice president now owns 13,531 shares in the company, valued at approximately $1,210,077.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Vincent Roche sold 100,000 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $85.17, for a total value of $8,517,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 178,566 shares of company stock worth $15,473,748 in the last quarter. Company insiders own 1.10% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Sit Investment Associates Inc. increased its position in shares of Analog Devices by 381.1% in the fourth quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 1,010 shares during the period. WFG Advisors LP increased its position in shares of Analog Devices by 26.4% in the second quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock worth $123,000 after purchasing an additional 330 shares during the period. Fieldpoint Private Securities LLC increased its position in shares of Analog Devices by 91.6% in the third quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock worth $127,000 after purchasing an additional 705 shares during the period. Clear Perspective Advisors LLC increased its position in shares of Analog Devices by 3,884.2% in the third quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock worth $130,000 after purchasing an additional 1,476 shares during the period. Finally, NEXT Financial Group Inc increased its position in shares of Analog Devices by 64.4% in the third quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock worth $136,000 after purchasing an additional 600 shares during the period. Hedge funds and other institutional investors own 86.98% of the company’s stock.
Analog Devices Company Profile
Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.
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